Tri Capital Opportunities Corp. Increases Private Placement
Tri Capital Opportunities Corp.
Suite 1610 –777Dunsmuir Street, Vancouver, BC, Canada, V7Y1K4
TSX-V Trading Symbol: TCAP.p
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
FOR DISSEMINATION IN THE UNITED STATES
June 10th, 2021
News Release
TRI CAPITAL OPPORTUNITIES CORP. INCREASES PRIVATE PLACEMENT
June 10th, 2021 VANCOUVER, British Columbia – Tri Capital Opportunities Corp. (“TCAP” or
the “Company”) (TSXV: TCAP.P), a capital pool company, is pleased to announce that, further
to its news release dated May 13th, 2021, the Company has increased its non-brokered private
placement in connection wi th its Qualifying Transaction to up to CDN $800,000 (the
"Concurrent Financing").
The Company will issue up to 8,000,000 units of the Company (“Units”) at a price of $0.10 per
unit for gross proceeds of up to CDN $800,000. Each Unit will be comprised of one common
share (each, a “Share”) and one-half of one common share purchase warrant. Each full warrant
(each, a “Warrant”) will entitle the holder thereof to purchase an additional Share at a price of
CDN$0.15 per Share for a period of 3 years from the date of issue. Finders’ fees may be paid
on all or a portion of the financing.
The net proceeds from the Concurrent Financing will be used by TCAP to finance the
recommended work program on the Pine Channel Property and for general working capital. All
securities issued pursuant to the Concurrent Financing will be subject to a four month hold period
from the date of issue and may be subject to escrow in accordance with the policies of the TSX
Venture Exchange.
About TCAP:
TCAP is designated as a Capital Pool Company by the Exchange. TCAP has not commenced
commercial operations and has no assets other than cash. The only business of TCAP is the
identification and evaluation of assets or businesses with a view to completing a “Qualifying
Transaction” in accordance with Exchange Policy 2.4 – Capital Pool Companies.
Further details concerning the Pine Channel Property, the Option Agreement and the
Concurrent Financing will be disclosed in a filing statement to be prepared by TCAP and filed
on SEDAR.
Tri Capital Opportunities Corp.
“Jim Pettit”
James Pettit
CEO
For further information please contact:
Tri Capital Opportunities Corp.
Kelly Pladson, Corporate
Secretary
Email:
Tel: (604) 639-3857
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward-Looking Information:
This press release contains forward-looking information within the meaning of Canadian
securities laws. Forward looking information is typically identified by words such as: “believe”,
“expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those,
which, by their nature, refer to future events. TCAP cautions investors that any forward-looking
information provided by TCAP is not a guarantee of future results or performance, and that actual
results may differ materially from those in forward looking information as a result of various
factors.
The forward-looking statements contained in this press release are made as of the date of this
press release. TCAP disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise, except as required
by law.